Wednesday, December 31, 2014

Europe Gas Storage Data for 30-12-2014

European inventories were 76.70 percent full as of December 30, 2014, from 68.52 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

521.03 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 63.95 billion cubic meters of gas which is 10.16 billion cubic meters more than 53.79 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.06 
Bcm for the week resulted in storage levels 18.88 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 30.92%, or by 5.18 billion cubic meters , since the start of the 2014-2015 heating season, according to preliminary data from gas transport operator Ukrtransgaz.

As of October 19 2014, Ukrainian facilities had 16.75 billion cubic meters of gas at the end of its gas injection season, while this figure was 11.57 billion cubic meters as of December 30 which means the storage is %36.23 full now.

During the week ending on December 30, Ukraine withdrew average of 66 million cubic meters of gas per day.Ukraine storage may cover as much as 175 days of consumption within this last week's average.

Europe Storage Data for  30-12-2014

1 comment:

  1. Hi,
    So what does this storage data tell us in the coming forecast of oil price?